Wheelchair Firm Narrows Loss to $1.5 Million

Everest & Jennings International Ltd., a Camarillo-based maker of wheelchairs and in-home care equipment, said it narrowed its loss during the third quarter to $1.5 million from $38.4 million last year, when the company took a $28.4-million charge for restructuring and writedowns of some assets.

For the three months ended Sept. 30, the company’s revenues declined 12.6% to $28.6 million from $32.7 million last year.

For the first nine months of the year, Everest & Jennings’ loss narrowed to $2.9 million from $46.5 million a year earlier, while revenue dropped 10% to $88.5 million from $98.7 million.